With growing concern over the Coronavirus, yields dropped again today and portions of the yield curve are inverted out to seven years.

For example, the yield on the 7-year not is lower than the yield on the 1-year not and everything shorter in duration.

Yellow highlights show the yield on the 3-year, 2-year- and 1-year notes is each lower than the next shorter duration.

And the yield on the 30-year long bond is again flirting with the 2% level.

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For discussion of the coronavirus threat, please see Hundreds of Virus Carrying Planes Headed for US, London, Paris, Vancouver.

Also see Chris Martenson's proclamation regarding the World Health Organization: "WHO is Derelict" on Coronavirus

Mike "Mish" Shedlock

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